Inflation vs growth: What does life look like for the average African? | DW News
Inflation vs growth: What does life look like for the average African? | DW News
Inflation has been shooting up in several African countries – people are finding their incomes are not keeping up with the rising cost of living. This has led to some public protests, most recently in Nigeria where inflation hit a 30-year high in January.
But the African Development Bank says the continent’s economies are growing and will…
source
Reviews
0 %
The resources are in Africa but are African Countries willing to take the bull and manage their own resources when corruption and nepotism is the order of the day?
Well DW did a piece on African economy, so no more for the next fortnight. Quota system is the corner stone for all socialist/leftist organisations.
"All one knew was that every quarter astronomical numbers of boots were produced on paper, while perhaps half the population of Oceania went barefoot."- George Orwell, 1984.
The whole world is a mess now
Solution industry and innovative
War in Ukraine causes inflation around the world.
It takes time for inflation to come down.
Stopping the war is a good step.
What he is saying about Malawi is a blatant lie. 50% are food insecure. Ask him where he got data for Malawi?? So unfortunate.
What the AFDB president says, he has no clue. He is almost doing nothing than fashion show. No idea about basics.
Inflation nowadays is worldwide phenomena and can affect every corner in the world.
4:50 It is so sad that a continent full of every possible natural resources is reduced to bragging about its potential for sunlight.
It is almost like a beggar saying how much freedom he has (because he has nothing else). It is almost like the countries bragging about their potential workfoce/ human resource (an indirect admission of excessive unemployed and overpopulated nation).
This should not be the case with Africa- the birthplace of our species. Instead they are being brainwashed into believing that middle east is holy instead of their own lands. An acceptance of someone else's supremacy- modern day slave mentality.
The problem for most African countries is population growth that is too high relative to the development of their economies. Corruption is next. Or just blame it on climate change and try to collect a payment from the rich world. See how that goes.
Economic Command System is the Best for Africa , like the one of Chinese System !!!! …….
Sound like America.
Curtesy of the FED, ECB, BoE, printing trillions, and saying inflation will be transitory…😅 Crippling hundreds of millions of people if not billions arpund the globe. That is the USA. Ruining everyone but themselves.
BLDM
From Panama City I wish a Happy and prosperous New Year 2024. DW is one of my favorite channels, since the journalists are so excellent and have professional ethics. It doesn't compare to Latin American journalism. I hope I marry a Nordic man. Regards Gadski
No worry african brothers
Recession is happening world 🌎 wide
America ,europe , africa , and Asia
Meanwhile: In Germany, about three million family-owned companies are on the verge of bankruptcy, Bloomberg reports. Among the reasons for this trend, the agency cites the abolition of some subsidies for businesses, as well as bureaucracy, sanctions and the consequences of the pandemic.
"the average African" might not be the most definable category.
Isn't the average African in Europe now ? 🤡
Inflation is only a problem when wages are not keeping up. It is wrong to say "people can't afford x because of inflation". People can't afford x because of real wage cuts. As long as wages keep in step, only cash hoarders are affected by high inflation.
So, Africa's problem is caused by COVID and climate change…..not mismanagement, not corruption, not abuse from foreign powers….🤦🤦
The same rubbish splilled out.
TP getting so expensive, Im considering Islam.
Ask the Germans who have higher pay. How government policy has led the economy downhill in the face of high energy cost and food prices.
Here in South Africa prices goes up every week, people are unable to afford three meals a day because of inflation and corruption.
The virgin Japan 🇯🇵 supporting Israel 🇮🇱
The Chad North Korea 🇰🇵 supporting Palestine 🇵🇸
Economy for losers on fiat. All my savings are on bitcoin. I'm doing very well.
Socialism is a needed alternative to capitalism, to stop injustices
😂😂😂😂
Big thanks to the Evil China 🇨🇳 for the impact of his Belt & Road Initiative policy, which caused economic recession in africa countries like Kenya 🇰🇪 & Zambia 🇿🇲
Rice and beans